May 2006


OmniSource acquires K&F Industries

Fort Wayne, IN— OmniSource Corp. has acquired K&F Industries, Inc. located in Indianapolis, Indiana. OmniSource described K&F as the largest full-service scrap recycler in central Indiana, moving 200,000 tons of ferrous scrap and 2-million tons of non-ferrous materials annually.

OmniSource is planning significant capital investment in the Indianapolis facilities to increase capacity and serve an expanded customer base. The company is prepared to install a new 6000 hp shredding and reclamation system, add new material handling and transportation equipment, and develop a new, high-volume nonferrous metals processing plant.

The K&F facility in Indianapolis has become the headquarters of OmniSource’s newly formed Southern Indiana Division. K&F principals Greg and Barry Kroot have joined OmniSource, with Greg Kroot assuming the position of manager of the new regional division.


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